Topic: My investments ahead of the 2024 halving 100% Bitcoin - page 3. (Read 609 times)

What my portfolio consist of ahead of 2024 halving

To be sincere with you guys, I never give any thought for. Altcoin and as a newbie I have always been all in for bitcoin and I am very vocal about that, I have some friend who always try to convince me to buy some altcoins that they claim to be good and will give 10x profit at any opportunity, but I am not convince due to centralization of most of the altcoins.
So I can say that my portfolio is made up of 90% BTC and the remaining 10% as savings in case there will be further opportunity to buy BTC at a discount price.

So at this point I am all into BTC and nothing more.

Some says BTC is a high risk investment but for me I don't really consider it as one, since there is always a chance for it to recover in case it drops or you entered at a wrong time. A real high risk investment are those altcoins. Can be old or new but mostly new ones.

I know there are still alts who remains legit but we don't know long they can remain like that so we should always monitor them if ever we have added them in our portfolio. The upcoming halving which is said to take place by next year is for Bitcoin so this must be the coin that will pumped a lot not altcoins but it is still up to you if you will prioritize altcoins more than it. It was still your money after all.

Actually high risk will earn high return later and Bitcoin is worth for investing but can't increasing up or faster than altcoin investment, I don't sure for next time halving Bitcoin back to higher price and earn more than 100% profitable than holding or investing in altcoin. I don't doubt with Bitcoin stable and potential break out to higher price actually when halving time coming, due Bitcoin reached up I think Altcoin will follow up and more bigger profit earn than Bitcoin investment.

I believe when halving time in 2024, Altcoin price increase up more than 300% above than Bitcoin actually can up 20% until 50% but you need waiting more than two years left before halving.

Indeed, Shiba Inu I think will ony be good in long term investment if they will do burn billions of SHIB, But I don't see its happening instead what I saw most of the time was hype in the social media, new partnership in business something like that. But of course, for me even SHIB will going to have a thousands of partners in business if there is no innovation or burning happen to their supply, everything will just be a clear hype only.

And of course, bitcoin will always be a winner for us as an investment for long term, this was already proven and tested
to all of us who believed in it.

The opinion of other people must be respected, especially when it comes to Bitcoin which is clearly very suitable for long-term investment. Because everyone here will also be very happy and feel very happy when they can find profits through investing in Bitcoin. And now Bitcoin has also begun to slowly increase in the market.

Altcoins like SHIB have gone viral and paid dividends for people who believed in them when they were cheap, but I still don't see them as long term investments. Because for me SHIB is only suitable to be owned for a while without having to keep it for too long like storing Bitcoin. That's my opinion of SHIB and indeed very different from my opinion of Bitcoin.

I doubt that before dogecoin rise, anyone could really take memcoins for investment seriously. But as we see in the crypto market, everything is possible. Now I don’t see a safer investment for myself than bitcoin, this is the coin in which I can invest my money and be calm that it will bring me profit.

There are probably altcoins that can also show good growth, but how many altcoins are there, and how do I find the one that will grow? This is an additional risk and this is a waste of my time, money and effort in finding these possibly promising altcoins. Therefore, I decided for myself that I would only invest in bitcoin and I believe that this strategy will bring me the best result.

Altcoins like SHIB have gone viral and paid dividends for people who believed in them when they were cheap, but I still don't see them as long term investments. Because for me SHIB is only suitable to be owned for a while without having to keep it for too long like storing Bitcoin. That's my opinion of SHIB and indeed very different from my opinion of Bitcoin.

   -  It's your choice first and we respect everyone's opinion. That's good for you, and most people here in the crypto space believe that bitcoin is a good long-term investment apart from the good features it has because you have a lot of trust in bitcoin.

Now, if others believe in altcoins even if in our eyes it is not good, we should still respect it. Because not all altcoins are as bad as we think, like what happened with SHIB, many people did not believe in it, but when it suddenly increased, many people made a lot of money from it because they bought a lot when it was cheap.

As most of us here are already aware that the bitcoin halving cycle always bring with it an opportunity for another Bitcoin all time high price, even though we can not predict when the exact time for this AHT will be but we are certain it will come.

At the moment I am I am intense face of portfolio accumulation and I will like to share them with some newbies who may be confused on how to prepare for the expected time and what their portfolio should look like.

This thread is not for speculation, but a personal contribution and suggestion as motivated by my personal decision against the next halving and I will share them with any one that like to read through the thread and also consider the comments of others that will go inline with your personal convictions.


What my portfolio consist of ahead of 2024 halving

To be sincere with you guys, I never give any thought for. Altcoin and as a newbie I have always been all in for bitcoin and I am very vocal about that, I have some friend who always try to convince me to buy some altcoins that they claim to be good and will give 10x profit at any opportunity, but I am not convince due to centralization of most of the altcoins.
So I can say that my portfolio is made up of 90% BTC and the remaining 10% as savings in case there will be further opportunity to buy BTC at a discount price.

So at this point I am all into BTC and nothing more.

Often, movements in economics are not so much mathematically driven as psychologically driven. So yes, it can have an influence.

I don't hold any altcoins either and I think like poyaa87 that diversification should be done outside the cryptocurrency market, with the stock market, real state, gold and maybe something else.

I hope that at some point the altcoins market will be curbed, as we are in bear market and new ones are being created all the time while most of them are crap and are going to disappear.

Is the bock reward halving going to have any impact this time? On all the previous occasions, there were big spikes starting from a few months before the halving event, but I am more skeptical this time. The impact on halving will be more moderate this time, as the mining reward is already down to BTC899 per day now. After the next round of halving, the mining reward will be further lessened to BTC450 per day. This represents only a tiny fraction of the daily Bitcoin transaction volumes. So I am not sure whether a lot of movement will take place in the market solely because of this event. But then, history says something else:

Remember shit coins are also used for other crypto market activities and not just operating like bitcoin. Some prefer to hodl other projects because they use them for trading.

So I can say that my portfolio is made up of 90% BTC .

So at this point I am all into BTC and nothing more.

I have always said that you should not even think about altcoins in terms of investment, they simply have no potential in the long run so when you talk about a portfolio it should contain bitcoin and other stuff that have no connection with bitcoin market and its price like gold, stocks, etc. That way you can diversify and reduce the risks while being involved in more than one asset market.

There are friends like that who are used to shitcoins and did not have too much faith in Bitcoin because they believe it cannot give them as much profit as some shitcoins do when the market is fully stable, they don't know the risk involved in investing in a project that is centralized and has more than one owner, which means that the team may have misunderstandings, resulting in the project collapsing completely, resulting in a loss of total investment.